And so when you look at those aspects, look at the 2017 tax cuts and Jobs act, the provisions of which are going to terminate at the end of this year. If we were to simply do nothing this year, next year Americans would see the largest tax hike in the history of our country. That's simply unacceptable. So this reconciliation package, the one big beautiful bill, is necessary to keep taxes low, to lower the regulatory burden and to return more taxpayer dollars back into the pockets of hardworking families, farmers and businesses next year. (01:24–01:32)
CLAIM
Asserts that inaction would result in the largest tax hike in U.S. history next year.
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